Dynamic Technology Lab Private Ltd Cuts Stake in Brooks Automation, Inc (BRKS)
Dynamic Technology Lab Private Ltd lessened its position in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 85.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,900 shares of the semiconductor company’s stock after selling 40,042 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Brooks Automation were worth $209,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of BRKS. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Brooks Automation during the third quarter valued at $15,902,000. Bank of New York Mellon Corp increased its holdings in Brooks Automation by 23.7% in the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock valued at $55,421,000 after purchasing an additional 489,434 shares during the last quarter. Koch Industries Inc. bought a new stake in Brooks Automation in the second quarter valued at about $391,000. Vanguard Group Inc. increased its holdings in Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock valued at $144,781,000 after purchasing an additional 392,115 shares during the last quarter. Finally, Phocas Financial Corp. bought a new stake in Brooks Automation in the second quarter valued at about $5,117,000. 90.15% of the stock is currently owned by institutional investors and hedge funds.
In other Brooks Automation news, VP David Jarzynka sold 2,476 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $83,688.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David C. Gray sold 2,394 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $80,917.20. The disclosure for this sale can be found here. Insiders sold 76,258 shares of company stock valued at $2,226,732 over the last 90 days. Corporate insiders own 2.24% of the company’s stock.
A number of equities research analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $34.00 price objective on shares of Brooks Automation in a report on Monday, November 13th. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Citigroup upped their price objective on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Stifel Nicolaus upped their price objective on Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Brooks Automation in a report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.57.
Shares of Brooks Automation, Inc (NASDAQ:BRKS) opened at $23.89 on Friday. Brooks Automation, Inc has a fifty-two week low of $16.38 and a fifty-two week high of $34.77. The company has a market capitalization of $1,617.80, a PE ratio of 20.92 and a beta of 0.93.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The company had revenue of $181.88 million during the quarter, compared to the consensus estimate of $174.66 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. equities analysts expect that Brooks Automation, Inc will post 1.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. Brooks Automation’s dividend payout ratio (DPR) is currently 44.44%.
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Brooks Automation Company Profile
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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